Citic Alpha Leaders fund delivers despite sharp market swings

by

22 Mar 2012

The investing environment proved treacherous last year for most long/short fund managers but the $121 million Citic Securities Alpha Leaders Fund, which trades in Hong Kong and Chinese shares as well as American depositary receipts of Chinese companies, delivered a 6.22% return for the whole of 2011.

That is an impressive performance given that during the period the Hang Seng Index stumbled 20.13%, while the composite indices for the Shanghai and Shenzhen markets slipped 22.60% and 34.08% respectively. In January and February, the fund slipped a slight five and 25 basis points.

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